JSW Infrastructure Q4 Profit Surges 57% YoY to ₹516 Crore

30 Apr 2025 , 08:07 PM

JSW Infrastructure Ltd, India’s second-largest private port operator and a JSW Group subsidiary, reported a 57% year-on-year growth in consolidated net profit to ₹516 crore in Q4 FY25.

The company’s topline in Q4 rose by 14% YoY at ₹1,372 crore with Mangalore, Ennore, and Paradip coal terminals reporting strong performance supported by interim throughput at JNPA Liquid Terminal and Tuticorin Terminal. EBITDA rose by 7% YoY to ₹730 crore with a decent EBITDA margin of 53.2%.

Total quarter cargo handled rose by 31.2 million tonnes, an increase of 5% YoY. Third-party cargo volumes recorded 11% YoY growth, their proportion rising to 50% of total cargo, compared to 47% for the same period last year. Net profit for FY2025 increased 31% YoY at ₹1,521 crore. Total revenue for the year increased 20% YoY at ₹4,829 crore.

The firm handled 117 million tonnes of cargo in FY25, up 9% compared to the previous year. Third-party cargo represented 49% of total, up from 40% in FY24, the result of greater reliance on non-captive business. Full-year EBITDA came in at ₹2,615 crore, a 17% YoY increase, with an impressive EBITDA margin of 54.2%. The Board proposes a dividend of ₹0.80 per share, pending approval by the shareholders.

JSW Infrastructure has a strong financial position, with a Net Debt to Operating EBITDA of 0.65x. The firm had gross debt of ₹4,659 crore and bank and cash balances of ₹3,188 crore as on March 2025.

As a part of its long-term growth strategy, the firm:

• Received Letter of Intent (LOI) for the construction of Murbe Port, a greenfield project in Maharashtra.
• Ventured into the logistics sector by acquiring a holding of 70.37% in Navkar Corporation Ltd.
• Accretion of acquisition of a slurry pipeline business with a long-term agreement with JSW Steel.

JSW Infrastructure has reconfirmed the ambition to reach overall cargo handling capacity to 400 MTPA by FY2030 or earlier. A ₹30,000 crore capital expenditure programme has been aimed at financing this growth.

Besides, the company will invest ₹9,000 crore in developing a pan-India network of logistics with a revenue target of ₹8,000 crore and 25% EBITDA margins from the logistics business.